AIC Investment in Everclear
01.29.07

Stock Purchase and Sale Agreement with EverClear Solutions LLC.

The Board of AIC and the Members of EverClear LLC are pleased to announce that
they have entered into a binding Stock Purchase and Sale Agreement "SPSA" on Jan
29th 2007.

Under the terms of the SPSA, EverClear LLC will convert its corporate structure
from that of a Limited Liability Corporation into an incorporated company "
EverClear Inc." AIC has the right to acquire 60% of "EverClear Inc." shares, in
return for a $7M capital investment and other consideration. On completion of
this transaction "EverClear Inc." shall own the rights to AIC's metals
separation, recovery and refining technologies for applications in metals mining
and metals mining waste treatment. AIC's Director and COO, Darron Brackenbury
shall join the Board of Directors of "EverClear Inc." as Chairman.

AIC has developed a range of cost-effective technologies for recovering metals
such as copper, zinc, lead, nickel and others, from acid mine drainage streams
and metal mining waste. EverClear LLC was formed to commercialise these AIC
technologies through an exclusive license, which provided for royalty and other
payments to AIC.

AIC had previously entered into a Memorandum of Understanding with EverClear LLC
as disclosed in the Admission Document, and this SPSA is made pursuant to that
Memorandum of Understanding.

The acquisition of this shareholding in EverClear will enable AIC to focus and
accelerate its activities in this growing market sector and bring the benefits
of its technology incubation resources to EverClear. Further, AIC through this
strategic investment, will be able to respond more effectively to opportunities
that it has developed in copper mining and refining, such as the recently
announced joint investigation with Weatherly International.

Darron Brackenbury COO of AIC and Don Jacobs of EverClear noted:

"We believe that the speed with which we have been able to complete this
transaction is a positive reflection on the trust that has been developed
between the management of our two companies, in particular through the
successful demonstration of AIC's technology in Butte Montana by a joint team of
AIC and EverClear staff."

Dr Stephen Clarke, CEO of AIC, added:

"I am very pleased to have completed our investment in EverClear so quickly. So
soon after our shares commenced trading on AIM, this provides our new
shareholders with an immediate example of how we intend to grow the company.
Given the number of other technologies in our portfolio, they can look forward
to a healthy flow of news and, in consequence, an exciting future."

FOR FURTHER INFORMATION PLEASE CONTACT

Applied Intellectual Capital
Dr. Stephen Clarke Tel. +1 510 463 0211

Mirabaud Securities Limited
Tel. +44 (0)20 7321 2508
Peter Krens

Nabarro Wells & Co. Limited
Tel. +44 (0)20 7710 7400
Marc Cramsie
John Wilkes

Pelham Public Relations
Charles Vivian Tel. +44 (0)20 7743 6672 / +44 (0)7977 297903
Archie Berens Tel. +44 (0)20 7743 6679 / +44 (0)7802 442486